116 Franklin St
Suffolk, VA 23434
- Studio
- 4 Baths
Studio
4 Baths
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1882
Parking
Open Parking
About this House
Own a piece of history! The Causey-Kendrick House is a 5-unit apartment building and Carriage House (detached garage, sold AS-IS). Carriage House offers future opportunities for storage rental or additional units. There is a shared on-site laundry room with potential for additional income with coin operated washer & dryer. Ample street parking and close to public parking lots. Driveway access currently rented with one unit. Currently 100% occupied with leases through 2026. Owner pays water bill, refuse, and storm water. Some tenants pay electric with some have it included. Whole building renovated in the past 5 years to include new paint, flooring, granite countertops, appliances, central air in largest unit, all windows, and more! This is a turnkey opportunity with over 60k in NOI with room for additional income. APPROX 4440 square feet in FIVE units. 4-1BD/1BA units and 1- 3BD/1BA unit with approx. 1600 sq. ft. of living space.
116 Franklin St, Suffolk, VA 23434 is a studio, 4 bathroom multi-family built in 1882. It is currently off market. The Trulia Estimate rent is $1,876/month.
Home Details for 116 Franklin St
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Interior Details Basement: Crawl Space |
Beds & Baths Number of Bathrooms: 4 |
Appliances & Utilities Utilities: Electricity ConnectedAppliances: Electric Water HeaterLaundry: Laundry Room |
Heating & Cooling Heating: Baseboard,Electric,Heat Pump W/AHas CoolingAir Conditioning: Central Air,Wall/Window Unit(s)Has HeatingHeating Fuel: Baseboard |
Gas & Electric Has Electric on Property |
Windows, Doors, Floors & Walls Window: Window TreatmentsFlooring: Carpet, Ceramic Tile, Vinyl |
Levels, Entrance, & Accessibility Stories: 2Floors: Carpet, Ceramic Tile, Vinyl |
View No View |
Security Security: Security |
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Exterior Home Features Roof: Asphalt Shingle Slate |
Parking & Garage No CarportNo GarageNo Attached GarageHas Open ParkingParking: Driveway,On Street |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Farm & Range Not Allowed to Raise Horses |
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Year Built Year Built: 1882 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Converted Single FamArchitecture: Converted Single Fam |
Building Construction Materials: Concrete, Frame, Stucco, Vinyl Siding |
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Price List Price: $485,000 |
Status Change & Dates Off Market Date: Mon Aug 04 2025Possession Timing: Settlement |
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MLS Status: Sold |
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Direction & Address City: SuffolkCommunity: Old Town Suffolk |
School Information Elementary School: Hillpoint ElementaryJr High / Middle School: King`s Fork MiddleHigh School: Kings Fork |
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Special Conditions: Owner Agent |
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Contingencies: Non Contingent |
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Mls Number: 10577982 |
Last check for updates: about 13 hours ago
Listed by Leslie Martin
Fit Realty, (757) 986-6312
Bought with: Jake Maines, Iron Valley Real Estate HR, (757) 645-9700
Source: REIN Inc., MLS#10577982

Market trends in Suffolk
Last updated June 2026
Avg. sale price
$383K
$1.17KMoM
Sale-to-List Price
100.0%
Price per sq ft
$197
$2MoM
Available listings
501
34MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $1,844 |
| Assessment | $172,300 |
Home facts updated by county records
Comparable Sales for 116 Franklin St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.37 | Multi-Family Home | $440,000 | 03/12/26 | 6 | 4 | 4,150 | |
0.39 | Multi-Family Home | $265,000 | 03/12/26 | 4 | 4 | 3,040 | |
0.41 | Multi-Family Home | $180,000 | 03/12/26 | 4 | 4 | 2,728 | |
0.25 | Multi-Family Home | $250,000 | 07/30/25 | 4 | 2 | 1,776 | |
0.28 | Multi-Family Home | $129,900 | 06/05/26 | 4 | 2 | 1,600 | |
0.35 | Multi-Family Home | $225,000 | 03/12/26 | 4 | 2 | 1,500 | |
0.36 | Multi-Family Home | $225,000 | 03/12/26 | 4 | 2 | 1,488 | |
0.38 | Multi-Family Home | $285,000 | 03/12/26 | 8 | 2 | 3,388 | |
0.38 | Multi-Family Home | $240,000 | 03/12/26 | 4 | 2 | 1,912 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 116 Franklin St.
What Locals Say about Suffolk
At least 699 Trulia users voted on each feature.
89 % Say car is needed
86 % Say parking is easy
80 % Say it's dog friendly
80 % Say yards are well-kept
75 % Say there's holiday spirit
74 % Say kids play outside
67 % Say it's quiet
63 % Say people would walk alone at night
58 % Say streets are well-lit
56 % Say there are sidewalks
55 % Say neighbors are friendly
55 % Say there's wildlife
47 % Say they plan to stay for at least 5 years
34 % Say it's walkable to grocery stores
29 % Say it's walkable to restaurants
27 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
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Apartments for Rent
Homes for sale near 116 Franklin St
Off Market Homes Near 116 Franklin St

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Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions.
This application does not include information on all of the properties available for sale at this time.